Verso Corporation (NYSE:VRS) is set to announce third quarter earning results on Monday 9th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, VRS to report 3Q20 loss of $ 0.1 per share.
For the full year, analysts anticipate top line of $ 1365.76 million, while looking forward to income of $ 0.72 per share bottom line.
Previous Quarter Performance
Verso Corporation announced loss for the second quarter of $ 0.99 per share, from the revenue of $ 268.00 million. The consensus estimates are loss of $ 2.73 per share from $ 293.00 million in revenue. The bottom line results beat street analysts by $ 1.74 or 63.74 percent, at the same time, top line results fell short of analysts by $ 25 million or 8.53 percent.
Stock Performance
On Friday, shares of Verso Corporation has traded high as $ 8.88 and has cracked $ 8.61 on the downward trend, reaching $ 8.80 with volume of 221.20 thousand shares.
According to the previous trading day, closing price of $ 8.80, representing a 19.29 % increase from the 52 week low of $ 7.36 and a 54.95 % decrease over the 52 week high of $ 19.49.
The company has a market capital of $ 296.29 million and is part of the Basic Materials sector and Paper & Paper Products industry.
Conference Call
Verso Corporation will be hosting a conference call at 11:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.versoco.com
Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, packaging, inkjet and digital, supercalendered, and uncoated freesheet papers; and bleached and unbleached market kraft pulp to manufacture printing, writing, and tissue products.
